Group of Seven (G7)

ON TOPIC

The Group of 7 (called the Group of 8 from 1998 to 2014, when it included Russia) consists of leaders from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Since 1975, these nations have met annually to discuss economic and security issues of common concern. The most recent G7 summit was held in Krün, Germany on June 7–8, 2015.

Balloons made by the 'ONE' campaigning organisation depicting leaders of the countries members of the G7 are pictured in Munich, Germany (REUTERS/Wolfgang Rattay).

François Hollande was met with hostility when he promised to renegotiate the fiscal treaty. Since then, that has become the consensus. There will be a package of growth measures to balance the fiscal compact treaty.[German chancellor Angela] Merkel runs the risk of being isolated [at the G-8 summit]. The US is clearly on the side of growth.”

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